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https://uk.finance.yahoo.com/news/puloli-telit-announce-iot-modules-160000697.html i assume this is just routine business.not particularly significant? tech is not my strongpoint.
All positive.
SP is being held down by a seller here.
Good to see Richard Griffiths topping up his holding !!
agreed and good to see us back at 200p
Surely 300p by end of the year?
something appears to be cooking in the background? Dbay with 29% and now RG and co. with 9% (including CFD's)....are we going to se another takeover approach? still think way under valued seeing as TCM are at the cutting edge of technology with very big named clients on their books and bucket loads of cash in the bank, IOT is just getting bigger part of daily life all the time...... we are potentially sitting on a technology goldmine with TCM so i'm holding for 300p and way beyond as we might start to see dividends back on the cards now all the issues of the past are well out of the way and blue sky above, remember how Tesla got knocked back and now worth $billions.....GLA and ADYOR!
Sudden rise today in anticipation of results. Is there more news on takeover or a special dividend coming?
As I've been saying for a very long time, even before the first round of offers, Telit is being significantly undervalued imho. Telit has huge potential and anything under 300p right now is too low. Telit BOD know this and hence why they are playing hardball. Maybe Ublox might come back as well but Dbay have been building up their stake to the max 29%..making it difficult fir others to muscle in on the deal...Adyor!
Have to say, I'm a little disappointed at the price action. There appears to be a substantial seller around 210, with no effort to test the levels.
The Ublox offer was around the £2.50 last time round admittedly with a stock element, but that that was deemed to under value the company.
One wonders if Dbay's approach will now flush out other suitors?
Results next week and Telit BOD could potentially be looking to distribute excess cash with dividend? Are Dbay looking to get in first by the look of things?
I think that's a fair assumption.
Is the potential bidder somehow also selling, to keep the price down, so as to show a fat premium when the bid comes? Or am I paranoid?
The BOD and other savvy shareholders know Telit is a fast growing IOT company with significant contracts with big tech companies. Having bounced back strongly from the Oozi Cat shenanigans Telit are in an amazingly strong position at the moment the way IOT is growing across all markets. If I were the Telit BOD I would have said if any offer doesn't start with a 3 in front of it then please Fcuk# off and stop wasting our time. Aimho adyor.